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Facebook Drops $16 Billion To Snatch Up WhatsApp

The world’s biggest social network really, really wanted to own the world’s biggest independent messaging app.

Facebook, which has long been on the prowl for the “next Instagram,” appears to have found it. The social network will shell out roughly $16 billion to acquire WhatsApp, the giant global messaging app, in a deal that puts the world’s largest social network together with its biggest independent person-to-person messaging system.